ABFRL UPDATE

ABFRL have achieved its PATTERN objective with the print of 216 in past week.
We have carried our BEARISH view here since it broke 251 on 27th,January,
Stock is down 20% from those levels,
Going forward stock is getting very close to a very important support of 200 on cash,
If that breaks which I suspect it will,
This decline will continue all the way down till 182.
Watch out for 200 very closely.

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